Music company Heard Well has initiated a legal action for $1 million, claiming that one of its founders, Connor Franta, violated the terms of his contract and failed in his duties as a trustworthy manager.
The YouTube startup called Heard Well, founded alongside Connor Franta, finds itself in a court dispute as Jeremy Wineberg, another co-founder, has sued Franta for allegedly violating the agreements and responsibilities he owed to the company regarding contractual and fiduciary obligations.
In the Los Angeles County Superior Court, a complaint has been lodged stating that Franta neglected his duties within the company, leading to both financial losses and operational chaos.
As reported by TopMob from court records, Heard Well was initially set up with partners including Wineberg, Franta, and Andrew Graham, each holding equal stakes. The primary objective of this label was to champion emerging artists, utilizing Franta’s extensive social media influence to advertise tailored playlists and market the company’s music collection.
Instead, Wineberg argues that Franta mostly withdrew from the business’s daily activities, allegedly not meeting his responsibilities.
Allegations against Connor Franta
The lawsuit accuses Franta of several serious violations:
- Breach of Contract: Wineberg alleges that Franta neglected his duties under the company’s operating agreement, including a promise to promote Heard Well on his social media platforms. This lack of engagement allegedly cost the company over $1 million in potential revenue.
- Breach of Fiduciary Duty: As a member of the member-managed LLC, Franta owed a duty of care, loyalty, and good faith to Heard Well. Wineberg asserts that Franta’s disengagement and disruptive behavior hindered the company’s ability to operate effectively.
- Member Expulsion: Wineberg is seeking Franta’s removal as a member of Heard Well, citing his alleged misconduct and its detrimental impact on the company’s financial and reputational standing.
Additionally, the lawsuit alleges that Franta’s partnership with Heard Well greatly enhanced his personal image, yet he is said to have made minimal contributions towards the company’s expansion.
Although the YouTuber had pledged to help publicize the record label’s music collection, it’s said that they didn’t fulfill their commitment, forcing Wineberg and Graham to handle the business’s regular tasks independently.
A new era…
— Heard Well (@heardwell) December 30, 2024
Established in 2015, Heard Well has allegedly faced financial difficulties, with reported revenues totaling $2.75 million and expenses amounting to $2.8 million, leading to a net loss of approximately $46,713. According to Wineberg’s statement, Franta’s absence may have exacerbated these financial challenges.
In April 2024, disagreements between the co-founders intensified as Franta reportedly started accusing Wineberg of wrongdoing and dismissed him from the firm without proper authorization, a move that he was not authorized to take.
Additionally, the legal action alleges that following the initial settlement proposals, the influencer rejected opportunities that would have granted him complete control of the company.
Wineberg is currently pursuing a claim that includes a demand for at least $1 million in compensation, the expulsion of Franta from Heard Well, and additional penalties for actions that Wineberg characterizes as “harsh and intentionally harmful.
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2025-03-08 21:20